India's Five Star completes $195m IPO, GPs make partial exits
Five Star Business Finance, an Indian non-banking financial company (NBFC) that has received several rounds of private funding, gained 3% on debut following an INR 15.9bn (USD 195m) domestic IPO.
The company sold 33.6m shares at INR 474 apiece, according to a filing. Matrix Partners India and TPG Capital were the biggest sellers, netting proceeds of INR 6.83bn and INR 5.69bn, respectively. Norwest...
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